FY2013 Consolidated Financial Results ... Certain figures for the fiscal year ended March 31, 2013...

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Transcript of FY2013 Consolidated Financial Results ... Certain figures for the fiscal year ended March 31, 2013...

  • FY2013 Consolidated Financial Results

    (Fiscal year ended March 31, 2014)

    Sony Corporation

    Sony Corporation Investor Relations 1

     FY2013 Consolidated Results and FY2014 Consolidated Results Forecast

     Business Transformation

     Segments Outlook

  • Sony Corporation Investor Relations 2

    FY2013 Consolidated Results

    FY12 Change FY13 Change (CC )

    Restructuring charges

    Sales & operating revenue 7,767.3

    Income before income taxes 25.7

    Net income attributable to Sony Corporation’s stockholders -128.4 -

    -124.99

    26.5 Operating income

    80.6

    +14.3% -1.5%

    -

    +4.0%

    6,795.5

    242.1

    41.5

    38.79

    226.5

    77.5

    (Bln Yen)

    yen yen Net income attributable to Sony Corporation’s stockholders per share of common stock (diluted)

    -88.3% -

    -89.4%

    *

    *

    Average Rate FY12 FY13

    Sales & operating revenue: approx. +1,075.3 bln yen 1 US dollar 83.1 yen

    Operating income: approx. +86.0 bln yen 1 euro 107.2 yen

    Foreign Exchange Impact

    100.2 yen

    134.4 yen

    · Certain figures for the fiscal year ended March 31, 2013 have been revised from the versions previously disclosed. For further details, please see “Consolidated Financial Results for the Fiscal Year Ended March 31, 2014”. Constant currency (CC) basis: change that would have occurred with no year-on-year change in exchange rates Restructuring charges are included in operating income as operating expenses

    * *

    Sony Corporation Investor Relations 3

    Q4 FY2013 Consolidated Results

    Q4 FY13 Change (CC ) Q4 FY12 Change

    Restructuring charges

    Sales & operating revenue 1,870.9

    Income before income taxes -113.1

    Net income attributable to Sony Corporation’s stockholders -138.2 -

    -111.8 Operating income

    54.5

    -

    +43.1%

    1,730.5

    185.4

    93.2

    79.77

    145.4

    38.1

    (Bln Yen)

    yen yen Net income attributable to Sony Corporation’s stockholders per share of common stock (diluted) -132.97

    +8.1% -0.1%

    - -

    -

    *

    *

    Q4 FY12 Q4 FY13 Average Rate

    Sales & operating revenue: approx. +142.5 bln yen 1 US dollar 92.4 yen

    Operating income: approx. +1.2 bln yen 1 euro 121.9 yen

    Foreign Exchange Impact

    102.8 yen

    140.9 yen

    · Certain figures for the fiscal year ended March 31, 2013 have been revised from the versions previously disclosed. For further details, please see “Consolidated Financial Results for the Fiscal Year Ended March 31, 2014”. Constant currency (CC) basis: change that would have occurred with no year-on-year change in exchange rates Restructuring charges are included in operating income as operating expenses

    * *

  • Sony Corporation Investor Relations 4

    Change (CC ) *

    Imaging Products & Solutions (IP&S)

    Game

    Mobile Products & Communications (MP&C)

    Home Entertainment & Sound (HE&S)

    Devices

    Pictures

    Music

    Financial Services

    All Other

    Sales 756.2 -2.0% Operating income 1.4

    741.2 26.3 +24.9 bln yen

    -16% +108.0 bln yen

    FY12 Change FY13 FX Impact

    Sales 994.8 +17.5% Operating income -84.3

    1,168.6 -25.5 +58.8 bln yen

    -2% +198.3 bln yen

    Sales 441.7 +13.9% Operating income 37.2

    503.3 50.2 +13.0 bln yen

    +1%

    Revenue 1,002.4 -0.9% Operating income 142.2

    993.8 170.3 +28.1 bln yen

    Sales 563.0 +5.6% Operating income 101.5

    594.6 -58.6 -160.1 bln yen

    Sales 732.7 +13.2% Operating income 47.8

    829.6 51.6 +3.8 bln yen

    -6%

    · Certain figures for the fiscal year ended March 31, 2013 have been revised from the versions previously disclosed. For further details, please see “Consolidated Financial Results for the Fiscal Year Ended March 31, 2014”. Both Sales and Revenue include operating revenue and intersegment sales Constant currency (CC) basis: change that would have occurred with no year-on-year change in exchange rates (the Pictures segment refers to change on a U.S. dollar basis)

    (Bln Yen)

    FY2013 Results by Segment

    *

    Sales 707.1 +38.5% 1.7

    979.2 -8.1 -9.8 bln yen

    +16% +156.4 bln yen Operating income

    Sales 1,257.6 +29.6% -97.2

    1,630.1 -75.0 +22.1 bln yen

    +6% +293.5 bln yen Operating income

    Sales 848.6 -6.4% 43.9

    794.2 -13.0 -56.9 bln yen

    -19% +106.9 bln yen Operating income

    Consolidated total Sales 6,795.5 +14.3% Operating income 226.5

    7,767.3 26.5 -200.0 bln yen

    -1.5% -

    +1,075.3 bln yen +86.0 bln yen

    Sony Corporation Investor Relations 5

    Change (CC ) *

    Imaging Products & Solutions (IP&S)

    Game

    Mobile Products & Communications (MP&C)

    Home Entertainment & Sound (HE&S)

    Devices

    Pictures

    Music

    Financial Services

    All Other

    Sales 181.2 +3.1% Operating income -10.5

    186.7 7.5 +17.9 bln yen

    -3% +11.6 bln yen

    Q4 FY12 Change Q4 FY13 FX Impact

    Sales 183.3 +23.1% Operating income -50.5

    225.6 -23.2 +27.4 bln yen

    +10% +24.2 bln yen

    Sales 117.2 +12.4% Operating income 5.7

    131.7 8.0 +2.3 bln yen

    +5%

    Revenue 312.9 -30.8% Operating income 51.0

    216.7 40.4 -10.6 bln yen

    Sales 149.5 +2.9% Operating income 107.9

    153.8 -49.3 -157.2 bln yen

    Sales 207.4 +29.7% Operating income 19.5

    269.1 41.4 +21.9 bln yen

    +17%

    (Bln Yen)

    Q4 FY2013 Results by Segment

    Sales 172.5 +53.0% -1.6

    263.9 -10.5 -8.9 bln yen

    +38% +25.4 bln yen Operating income

    Sales 352.8 +2.3% -24.6

    361.0 -67.5 -42.9 bln yen

    -9% +38.5 bln yen Operating income

    Sales 164.1 +5.9% -11.5

    173.8 -12.0 -0.5 bln yen

    -0% +9.8 bln yen Operating income

    Consolidated total Sales 1,730.5 +8.1% Operating income 145.4

    1,870.9 -111.8 -257.2 bln yen

    -0.1% -

    +142.5 bln yen +1.2 bln yen

    · Certain figures for the fiscal year ended March 31, 2013 have been revised from the versions previously disclosed. For further details, please see “Consolidated Financial Results for the Fiscal Year Ended March 31, 2014”. Both Sales and Revenue include operating revenue and intersegment sales Constant currency (CC) basis: change that would have occurred with no year-on-year change in exchange rates (the Pictures segment refers to change on a U.S. dollar basis) *

  • Sony Corporation Investor Relations 6

    Sales

    1,257.6

    707.1 756.2

    994.8 848.6

    732.7

    441.7

    1,002.4

    1,630.1

    979.2

    741.2

    1,168.6

    794.2 829.6

    503.3

    993.8

    -97.2

    1.7 1.4

    -84.3

    43.9 47.8 37.2

    142.2

    -75.0

    -8.1

    26.3

    -25.5 -13.0

    51.6 50.2

    170.3

    FY2013 Sales and Operating Income by Segment

    (Bln Yen)

    Left: FY12 Right: FY13

    Operating Income

    Left: FY12 Right: FY13

    MP&C Game Pictures Music Financial Services

    Devices IP&S HE&S

    · Certain figures for the fiscal year ended March 31, 2013 have been revised from the versions previously disclosed. For further details, please see “Consolidated Financial Results for the Fiscal Year Ended March 31, 2014”. Figures include operating revenue and intersegment sales. Figures in Financial Services are financial services revenue. *

    *

    Sony Corporation Investor Relations 7

    FY2013 The Five Electronics Segments Total: Change in Operating Income

    Others

    Cost Down/ Streamlining

    Declines in Price/Demand FOREX

    (Bln Yen)

    “The Five Electronics Segments Total” refers to the MP&C, Game, IP&S, HE&S and Devices segments

    FY12

    + 123

    - 63

    - 134.4

    + 89

    - 64

    - 95.2

    FY13

    - 45.5

    PC exit costs of MP&C segment

  • Sony Corporation Investor Relations 8

    -1000

    1000

    3000

    5000

    7000

    9000

    11000

    13000

    755.3

    626.5

    862.2

    FY2013 The Five Electronics Segments Total: Inventory by Area

    Bar graph: Inventory amount (bln yen) Line graph: Inventory turnover (average beginning & ending inventory amount during the quarter divided by average daily sales in the quarter) “The Five Electronics Segments Total” refers to the MP&C, Game, IP&S, HE&S and Devices segments

    (Bln Yen, Days)

    Other

    Europe

    North America

    Japan

    * 642.9 bln yen – a 16.4 bln yen increase from the end of Q4 FY12, and a 102.4 bln yen decrease from the end of Q3 FY13.

    Q1 FY13 Q2 FY13 Q4 FY13 Q4 FY12 Q3 FY13

    745.3

    59 56

    63

    67

    47

    642.9*

    Sony Corp